What is the price of millet per kilogram/pound in Nepal today?
The retail price range for Nepal millet is between US$ 2.42 and US$ 9.69 per kilogram or between US$ 1.10 and US$ 4.39 per pound(lb). Click here to see today's exact prices of millet in Nepal
The retail price range in Nepalese Rupee for millet is between NPR 321.12 and NPR 1,284.48 per kilogram or between NPR 145.63 and NPR 582.53 per pound(lb) in Kathmandu and Pokhara.
Wholesale prices
In 2024, the approximate wholesale price range for Nepal millet is between US$ 1.69 and US$ 6.78 per kilogram or between US$ 0.77 and US$ 3.07 per pound(lb).
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Nepal Millet Export Prices - Historical, Trends and Prediction
The export price of Millet from Nepal over the last five years has been quite varied. In 2016, the price per kilogram was 0.38 US dollars, followed by a significant increase to 0.71 US dollars in 2017. In 2018, the price dropped to 0.52 US dollars, before rising again to 1.16 US dollars in 2019. The highest price was recorded in 2020, at 1.25 US dollars per kilogram. The price dropped slightly in 2021 to 1.00 US dollars per kilogram. Based on this data, it is likely that the export price of Millet from Nepal will remain relatively stable in the next two years, with an estimated price of 1.10 US dollars per kilogram in 2023 and 1.20 US dollars per kilogram in 2024.The Nepal millet exports are categorised as:
- Millet (excluding grain sorghum, and seed for sowing) (HS code 100829)
- Millet seed for sowing (excluding grain sorghum) (HS code 100821)
- Millet (excluding grain sorghum) (HS code 100820)
Nepal Millet Import Prices - Historical, Trends and Prediction
The import price per kilogram of Millet into Nepal over the last five years has been quite volatile. In 2016, the price was 0.38 US $ per kg, which was the lowest in the last five years. This was followed by a sharp increase in 2017, when the price rose to 0.71 US $ per kg. In 2018, the price dropped to 0.52 US $ per kg, before rising again in 2019 to 1.16 US $ per kg. The highest price in the last five years was recorded in 2020, when the import price per kilogram of Millet into Nepal was 1.25 US $ per kg. This was followed by a slight decrease in 2021, when the price dropped to 1.0 US $ per kg. Based on the data, it is likely that the import price per kilogram of Millet into Nepal will continue to fluctuate in the coming years. We can predict that the price in 2023 will be around 1.15 US $ per kg, and in 2024 it will be around 1.05 US $ per kg.Export values for Nepal millet
The total values in export for millet in Nepal were US$ 12, US$ 5, US$ 11 and US$ 37 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Cereals/Grains category in Nepal: Wheat, Rye, Barley, Oats, Maize, Rice, Sorghum, Buckwheet, Canary seed & Fonio.
See prices of millet in other countries across Asia: Kazakhstan millet, Kyrgyzstan millet, Tajikistan millet, Turkmenistan millet, Uzbekistan millet, China millet, Hong Kong millet, Macao millet, North Korea millet & Mongolia millet.
Nepal millet - Production, Exports, Imports, Seasons and HS Codes
In 2019 Nepal sold 32 tonnes of millet. For 2019 alone, the interest in Nepal millet (cereals/grains category) has surged, changing by 52.381 percent compared to the year 2018. Between 2017 and 2019, millet's exports grew by 357.14% netting the exporter US$0.04m for the year 2019. Nepal's millet exports are categorised as:
- Millet (excluding grain sorghum) (HS code 100820)
- Millet seed for sowing (excluding grain sorghum) (HS code 100821)
- Millet (excluding grain sorghum, and seed for sowing) (HS code 100829)
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Nepal millet export values
In 2019, Nepal sold millet with a value of 0.04m USD, an increment of 263.64% from 2018's total millet export of 0.011m USD. The yearly increase in value of Nepal millet between 2017 to 2018 was 120 pc.
The annual change in the quantity of Nepal's millet exports between 2017 and 2019 was 357.14 pc when compared to a variation of 52.381% in the growth rate between 2018 and 2019.
Export markets for Nepal millet ( in '000$ )
Nepal's top destinations for millet are United Kingdom (UK), Hong Kong, South Korea, Belgium and Australia.
Nepal imported 17,126 tonnes of millet in 2019.
Production
The production of millet in Nepal was 942,675 tonnes in 2019 and is estimated to change by an average of 0.08%. The country had approximately 789,783.00 hectares under millet cultivation.